First Trust Indxx Medical Devices ETF (BATS:MDEV) Short Interest Update

First Trust Indxx Medical Devices ETF (BATS:MDEV) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 138 shares, a growth of 187.5% from the May 14th total of 48 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 299 shares, the days-to-cover ratio is presently 0.5 days.

First Trust Indxx Medical Devices ETF Price Performance

Shares of MDEV opened at $18.81 on Friday. The firm has a market capitalization of $1.88 million, a P/E ratio of 29.75 and a beta of 1.05. The business has a fifty day moving average of $18.89 and a 200 day moving average of $20.02. First Trust Indxx Medical Devices ETF has a one year low of $17.85 and a one year high of $21.82.

Institutional Investors Weigh In On First Trust Indxx Medical Devices ETF

An institutional investor recently raised its position in First Trust Indxx Medical Devices ETF stock. Jane Street Group LLC lifted its position in shares of First Trust Indxx Medical Devices ETF (BATS:MDEV) by 38.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,812 shares of the company’s stock after buying an additional 5,756 shares during the quarter. Jane Street Group LLC owned approximately 20.81% of First Trust Indxx Medical Devices ETF worth $428,000 at the end of the most recent quarter.

First Trust Indxx Medical Devices ETF Company Profile

The First Trust Indxx Global Medical Devices ETF (MDEV) is an exchange-traded fund that is based on the Indxx Global Medical Equipment index. The fund tracks an equal-weighted index that gives global exposure to the medical equipment industry. MDEV was launched on Jun 22, 2021 and is managed by First Trust.